Monthly Loan Payment Calculator (Amortized)
Three inputs — principal, annual rate, term — and your monthly payment and total interest are on screen
Principal, annual interest rate, term in months. That's all three boxes, and the amortized monthly payment appears immediately. With so little to fill in, it's the fastest way to answer "what would I be paying every month" before a loan consultation, or to flip through rate and term scenarios a few seconds apart. Total interest and total repayment come with it, and the whole result copies out as a single line for comparing offers. If you want to compare repayment methods or read a payment-by-payment schedule, use the Loan Amortization Schedule calculator instead.
🔒 Everything runs 100% in your browser. Your files and input are never uploaded to any server.
How to use
- Enter the loan principal.
- Enter the annual interest rate (%) and the loan term in months.
- The monthly payment, total interest, and total repayment are calculated automatically.
- Use the 'Copy Result' button to copy the breakdown for comparison or your records.
FAQ
- What is the equal-installment (EMI) method?
- It's a method where you repay the same amount (principal plus interest) every month over the loan term. Interest makes up a larger share early on and principal grows over time, and this calculator works out the monthly payment for this method.
- Will it exactly match my bank's payment?
- It uses the standard equal-installment formula, but actual loans can differ slightly depending on early-repayment fees, grace periods, preferential rates, and rounding methods. Use it as a reference estimate.
- Is the loan information I enter sent to a server?
- No. All inputs such as principal and rate are calculated entirely within your browser and are never sent to or stored on a server.